Helicopter Ben is going to tell the audience what they want to hear. That the Fed is going to do everything in their power to prevent deflation. That the economy is growing slightly and they will kick more money into the stream....
The market may flash up..but then will refigure by Monday.
Bernake is Obamas main enabler.
I watched a special on the Great Depression, and I wish that I could find the same one again. It went into detail about how the market crashed a few weeks (maybe two) before Black Tuesday, and how people were pulling out. Then they convinced some of the super rich (my term, not the documentary’s) to reinvest, and so other followed suit, but they pulled out the rug from under everyone else. And when it crashed again on Black Tuesday, they had made their money and refused to put money back in, because they didn’t care about anyone else.
I’ve been advising my parents to get out for almost 3 years now. I dunno if they will or not. I wish I could find the documentary again, it was a good one, in my opinion.
My wage hasn’t budged in the last 3 years It's time my expenses come down with my wage.
the CEO’s can not have it both ways inflation of prices and deflation of wages.